2. In these Rules, unless the context otherwise requires —
“flat” means any flat, house or other building sold under Part IV of the Act which has been acquired by the present owner thereof whether directly from the Board or otherwise;
“lender” means any —
(a)
bank licensed under the Banking Act (Cap. 19);
(b)
finance company licensed under the Finance Companies Act (Cap. 108);
(c)
direct insurer registered under the Insurance Act (Cap. 142); or
(d)
merchant bank approved as a financial institution under the Monetary Authority of Singapore Act (Cap. 186);
“mortgage” includes any charge on any flat for securing the repayment of any money lent to any person.